The Defence Headquarters has said troops of Operation Delta Safe, discovered and deactivated 95 illegal refining sites and foiled oil theft worth…
Category:
Oil and Gas
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Energy giant ExxonMobil is set to inject $1.5 billion into the development of its deepwater operations in Nigeria, the country’s oil regulator…
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Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the…
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A fresh oil spill has been reported in the Ikata community in Ahoada East Local Government Area of Rivers State with attendant…
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Aliko Dangote, the Chief Executive of Dangote Group, says he will fight oil cabal in the Nigeria’s oil sector that has been…
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OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by…
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Brent price has dropped to $61 per barrel in the global commodity market as markets expect the organisation of Petroleum Exporting Countries…
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A restructuring exercise has claimed at least 200 officials of the NNPC as chief executive Bayo Ojulari launches his first broad action…
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Oil prices rose more than $1 per barrel on Tuesday as new U.S. sanctions against Iran and rising equity markets helped spark…
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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bashir Ojulari, has pledged to attract a staggering…
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Oil and Gas
House C’tee on Petroleum Resources to amend PIA to increase oil companies’ contributions to Host Community to 10%
House of Representatives Committee on Petroleum Resources, Upstream, has said it would quickly amend the Petroleum Industry Act, PIA, to increase oil…
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The international benchmark, Brent crude, increased by around 0.57%, trading at $64.92 per barrel, up from $64.55 at the previous session’s close.…
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Federal Government of Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in…
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Crude oil prices increased in the global commodity market on Monday as traders weighed mixed signals about U.S. tariff implementations while data…
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The Nigerian Army says it uncovered 11 new bunkering facilities during a six-day operation in Akwa Ibom, Bayelsa, Delta and Rivers. Danjuma…